The realized investment in the uptream oil and gas sector dropped 32% to US$1.90 billion in the first quarter of 2017, compared to US$2.8 billion investment in the corresponding period of 2016. The oil and gas contractors opt to reduce production activity in eight blocks where the contracts will expire in near future, this year or next year. But Government is remain optimistic to achieve this year’s investment target of US$13.8 billion for the upstream oil and gas sector.
